Norway caught in Trump’s trade war

Quick Summary:

The Oslo Stock Exchange tumbled, salmon exporters were reeling and Norway’s prime minister called it “very bad news” after US President Donald Trump confirmed punitive reciprocal tariffs on all imports from countries around the world.

Hydro, one of Norway’s major metals producers, is now vulnerable to high new tariffs on exports of its aluminum and steel.“This (Trump’s trade war) is completely counterproductive and creates even more geopolitical friction,” Ulltveit-Moe told state broadcaster NRK.

Officials in China, which has long been Trump’s biggest trade enemy, equated his new punitive reciprocal tariffs to both “protectionism and bullying,” and many agreed, also in Norway.

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Article Details

Author / Journalist: Nina

Category: Business

Markets: NorwayChina

Topics: Politics Top Story Trade Economy Business Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 12:41:10 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsinenglish.no

Language: English

Article Length: 856 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © News in English

News ID: 27565261

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About News in English

Main Topics: Business

Official Website: newsinenglish.no

Year Established: 2008

Headquarters: Norway

News Last Updated: ago

Coverage Areas: Norway

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #108

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